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An audit report reveals the State Educational Loan Fund has been plagued by violations and corruption since 1997 when it began granting loans to students pursuing Higher education abroad. The main finding of the investigation is that 90 percent of the loans were granted to high-level officials, their children, and those who had access to confidential information. There was no transparency or fair competition in the allocation of loans.

A NSW government minister has launched a blistering attack on the federal government's administration of the scandal-ridden private vocational education sector. The sector has been plagued by allegations of dodgy private providers recruiting tens of thousands of students through free laptops and targeting illiterate, disabled students to sign them up to tens of thousands of dollars worth of taxpayer-funded student debt through the federal government's HECS-style VET-FEE help program.